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TMI Blog2025 (5) TMI 292X X X X Extracts X X X X X X X X Extracts X X X X ..... v Mahajan ORDER HON'BLE SALIL KUMAR RAI, J. The present contempt application has been filed pleading willful disobedience of the order dated 06.10.2021 passed in Writ Tax No. 988 of 2018. The relevant part of the order dated 06.10.2021 is reproduced below:- Keeping in mind the provisions of Section 132 B (4) (b) read with Section 244A (1) (b), the petitioner is further found entitled to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... block assessment order arising from the seizure, was made in the status of A.O.P. While that finding may have been erroneous, the Tribunal quashed the entire assessment proceedings, without allowing the revenue authorities to make a regular reassessment. Hence we do not find it a fit case to award any further amount to the petitioner, by way of cost or compensation. The writ petition is thus all ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Act, 1961. That period is 120 days. 3. Typographical error mentioning of the period '20' days appearing in fourth line of the second paragraph of the page number 3 of the order dated 06.10.2021 is corrected to read '120' days. 4. As to the second correction prayed to correct the rate of interest 1.5%, the same is declined. 5. Keeping in mind the interest liabilities that ari ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the applicant has been computed after giving only simple interest to the applicant even though as a consequence of the order dated 06.10.2021, corrected by the order dated 18.11.2022, the applicant was entitled to compound interest on the principal amount. The contention of the applicant is not accepted. A perusal of the order dated 06.10.2021 extracted above shows that the interest was awarded ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... There is no statutory provision from which any inference can be drawn that cumulative interest means compound interest. In any case, the lack of any statutory provision regarding payment of cumulative interest or the formula to calculate the same leads to the conclusion that the opposite parties cannot be held liable for willful disobedience of the order of this Court. As the order passed by the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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